FTEU.L vs. IEFV.L

Last updated Jun 26, 2026

FTEU.L (First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - FTEU.L tracks the MSCI EMU NR EUR while IEFV.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 10 years, FTEU.L returned 12.52%/yr vs 12.57%/yr for IEFV.L. Their correlation of 0.84 suggests significant overlap in exposure. FTEU.L charges 0.80%/yr vs 0.25%/yr for IEFV.L.

Performance

FTEU.L vs. IEFV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FTEU.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FTEU.L is traded in USD, while IEFV.L is traded in GBp. To make them comparable, the IEFV.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FTEU.L achieves a 9.47% return, which is significantly lower than IEFV.L's 12.41% return. Both investments have delivered pretty close results over the past 10 years, with FTEU.L having a 12.52% annualized return and IEFV.L not far ahead at 12.57%.

FTEU.L

• 1D: -0.85%
• 1M: -2.52%
• YTD: 9.47%
• 6M: 9.76%
• 1Y: 28.16%
• 3Y*: 24.31%
• 5Y*: 10.61%
• 10Y*: 12.52%

IEFV.L

• 1D: 1.57%
• 1M: -0.78%
• YTD: 12.41%
• 6M: 12.75%
• 1Y: 34.01%
• 3Y*: 24.32%
• 5Y*: 13.89%
• 10Y*: 12.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTEU.L vs. IEFV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEU.L First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares	9.47%	57.74%	2.77%	16.49%	-18.83%	11.78%	5.07%	20.56%	-19.34%	35.42%
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF	12.41%	52.94%	3.64%	17.29%	-9.38%	17.50%	-0.79%	20.35%	-17.61%	25.16%

Correlation

The correlation between FTEU.L and IEFV.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015	0.84

The correlation between FTEU.L and IEFV.L has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

FTEU.L vs. IEFV.L - Sectors Allocation Comparison

Sectors	FTEU.L	IEFV.L
Industrials	28.2%	18.8%
Financial Services	11.2%	23.6%
Energy	9.8%	5.2%
Consumer Cyclical	9.1%	6.5%
Utilities	8.0%	4.8%
Basic Materials	7.4%	5.5%
Technology	6.9%	9.7%
Real Estate	5.6%	0.7%
Consumer Defensive	5.2%	8.6%
Healthcare	5.0%	13.2%
Communication Services	3.6%	3.6%

Return for Risk

FTEU.L vs. IEFV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTEU.L

FTEU.L Risk / Return Rank: 54
FTEU.L Sharpe Ratio Rank: 53
FTEU.L Sortino Ratio Rank: 52
FTEU.L Omega Ratio Rank: 56
FTEU.L Calmar Ratio Rank: 56
FTEU.L Martin Ratio Rank: 55

IEFV.L

IEFV.L Risk / Return Rank: 87
IEFV.L Sharpe Ratio Rank: 93
IEFV.L Sortino Ratio Rank: 92
IEFV.L Omega Ratio Rank: 92
IEFV.L Calmar Ratio Rank: 79
IEFV.L Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTEU.L vs. IEFV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FTEU.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FTEU.L	IEFV.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.17	-0.55
Sortino ratio: Return per unit of downside risk	2.26	2.99	-0.73
Omega ratio: Gain probability vs. loss probability	1.31	1.38	-0.07
Calmar ratio: Return relative to maximum drawdown	2.41	2.90	-0.50
Martin ratio: Return relative to average drawdown	8.46	10.29	-1.84

FTEU.L vs. IEFV.L - Sharpe Ratio Comparison

The current FTEU.L Sharpe Ratio is 1.62, which is comparable to the IEFV.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of FTEU.L and IEFV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTEU.L vs. IEFV.L - Drawdown Comparison

The maximum FTEU.L drawdown since its inception was -46.62%, roughly equal to the maximum IEFV.L drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for FTEU.L and IEFV.L.

Drawdown Indicators

	FTEU.L	IEFV.L	Difference
Max Drawdown Largest peak-to-trough decline	-46.62%	-46.19%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	-11.66%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.66%	-16.49%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-38.49%	-31.46%	-7.03%
Max Drawdown (10Y) Largest decline over 10 years	-46.62%	-46.19%	-0.43%
Current Drawdown Current decline from peak	-3.68%	-1.08%	-2.60%
Average Drawdown Average peak-to-trough decline	-9.80%	-10.02%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	3.30%	-0.04%

Volatility

FTEU.L vs. IEFV.L - Volatility Comparison

The current volatility for First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FTEU.L) is 4.23%, while iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) has a volatility of 4.48%. This indicates that FTEU.L experiences smaller price fluctuations and is considered to be less risky than IEFV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEU.L	IEFV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.48%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	14.44%	12.87%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	17.15%	15.62%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.23%	20.15%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	19.96%	+0.26%

FTEU.L vs. IEFV.L - Expense Ratio Comparison

FTEU.L has a 0.80% expense ratio, which is higher than IEFV.L's 0.25% expense ratio.

Dividends

FTEU.L vs. IEFV.L - Dividend Comparison

Neither FTEU.L nor IEFV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FTEU.L and IEFV.L in my portfolio?

FTEU.L and IEFV.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTEU.L or IEFV.L?

On fees, IEFV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTEU.L or IEFV.L?

IEFV.L is cheaper with a 0.25% expense ratio, compared with 0.80% for FTEU.L.

What is the main difference between FTEU.L and IEFV.L?

FTEU.L tracks MSCI EMU NR EUR, while IEFV.L tracks MSCI Europe Value NR EUR. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.80% for FTEU.L and 0.25% for IEFV.L.